NZ house sale slump eases in October as drop in turnover slows

Tue, 14 Nov 2017

By Rebecca Howard Nov. 15 (BusinessDesk) - New Zealand's housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election. A total of 5,689 properties were sold across the country in October versus 6,759 in October a year ago, the Real Estate Institute of New Zealand said. The 16 percent decline from October 2016 compared to a 26 percent year-on-year slump in September. Still, the market remains downbeat, with just two of the 16 regions reporting an increase in sa...

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